50 - 50 Finance

Overview

Under this product variant, customer approaches the Bank and requests for financing his dream car while he pays 50% of the car value to the dealer and wants to finance the other 50% with little documentation and no car restrictions 

Features & Benefits*:- 

  • Only 1 month Bank Statement is required.
  • Extremely Competitive Profit Rates
  • Minimum Salary AED 5,000
  • No Salary Transfer is required
  • Maximum Finance amount up to AED 500,000
  • Maximum Finance tenure up to 5 years
  • Finance available for new and used cars,
  • First Installment within 90 days for new cars and 60 days for used cars
  • Quick and Fast Approvals.

*Terms and conditions apply

Documentation:

  • Duly completed and signed application form
  • Valid passport/Khulasat al Khaid Copy/Valid visa/UAE National ID
  • 1 months Bank statement
  • Labor card copy
  • Salary Certificate
  • Copy of Trade License (Self-employed)
  • Car Quotation from franchise dealer or Evaluation from an approved evaluator
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